10

May

Westwood Residences is the second and latest Executive Condominium to be launched in the Jurong area after 17 years. It will also be the first Bike-Themed Development in Singapore! Besides all the facilities one would expect of a condominium, Westwood Residences will also have it’s own Velodrome, Secured Bike Garage, Bike Maintenance, ‘Traffic Garden’ for the children as well as kid’s BMX Adventure.

Additional Information

Why Westwood Residences?

Low Supply of ECs in West Westwood Residences will be only the second EC to launch in the West of Singapore in 17 years. The first being Lakelife EC which was 95% sold out on the first day of launch in late 2014.

Favourable Policies First-time home buyers can apply for up to 30% grant, subject to approval. Generally, ECs are lower in price than similar private condos. As such, buyers stand to reap good profits when their units are privatised after ten years.

Great Accessibility. Westwood Residences EC is located near the entrance to PIE expressway, which makes commuting to Orchard, CBD and other areas in Singapore a breeze. AYE expressway is another option for residents traveling to CBD. The nearest MRT station is Boon Lay MRT, which is located along the convenient East-West Line.

Amenities Galore. As Jurong is a mature estate, expect to enjoy lots of amenities nearby Westwood Residences. Gek Poh Shopping Centre is within walking distance away, and new exciting malls like JEM, Westgate and JCube just a short train ride away. Immerse yourself in the lush greenery that Jurong West has to offer, including the famed Japanese and Chinese Gardens.

Education Haven. Westwood Residences EC is located in the west of Singapore, home to many of the best known educational institutes, bringing great convenience to students, professors and other tertiary workers. Both NTU and NUS are nearby Westwood Residences. Other notable educational institutes nearby include INSEAD, River Valley High, NUS High, Yuhua, etc.

High rental potential Close proximity to the future Jurong Lake District, which is slated to be the second biggest business hub in Singapore after the CBD. There will likely be a huge tenant base and rental demand.

First bicycle-themed development Besides all the other condo facilities, Westwood Residences will also incorporate a velodrome and traffic garden to cater to all your cycling needs.

Nearby Schools Rulang Pri School (Top Primary School) Pioneer Pri School Pioneer Sec School Westwood Pri School Westwood Sec School West Grove Pri School Corporation Pri School Nanyang Technological University (NTU) Lakeside Pri School Yuan Ching Sec School River Valley High School (SAP) Jurong Junior College Canadian International School Yuvabharathi International School

EC Eligibility At a Glance

Main applicant must be a Singapore Citizen and above 21 years old. Co-applicant can be a Singapore Citizen or Singapore Permanent Resident.

Both applicants must be either 1st or 2nd time buyers (existing or ex-owners of a HDB flat).

Applicants must form a valid family nucleus under one of the HDB’s eligibility schemes in order to buy an EC flat.

Applicants' combined household gross monthly income must not exceed S$14,000.

Applicants and occupiers listed in the application form must not own any private property or must not have disposed of such a property within 30 months of the date of application of the EC flat.

Applicants and occupiers have not bought two housing units before (eg. a flat bought directly from HDB, resale flat with CPF Housing Grant, DBSS or EC flat from developer).

Second-time applicants (who are existing owners or ex-owners of a flat, resale flat with CPF Housing Grant, or DBSS flat from developer), must meet the 5-year Minimum Occupation Period (excluding any period of subletting of whole flat) before applying for a new EC flat.